J&J opens up a new biotech in­cu­ba­tor, pol­ish­ing the Big Ap­ple's am­bi­tions to cre­ate a ma­jor hub

The move­ment to make New York City the next big biotech hub is get­ting a boost through the of­fi­cial open­ing of a new JLABS in­cu­ba­tor in trendy So­Ho. This rib­bon-cut­ting makes J&J’s 10th JLABS cen­ter, with oth­ers al­ready help­ing hun­dreds of biotechs get start­ed from Boston/Cam­bridge through Toron­to, the Bay Area and Shang­hai.

The phar­ma gi­ant is tech­no­log­i­cal­ly promis­cu­ous — with in­ter­ests in drugs, de­vices and con­sumer prod­ucts — and has worked un­der CSO Paul Stof­fels to cre­ate a glob­al net­work of BD teams and start-up fa­cil­i­ties aimed at work­ing with fledg­ling com­pa­nies out to do some­thing new and unique. And they’ve been known to fol­low up with ven­ture in­vest­ments and part­ner­ships if they see some­thing with the kind of po­ten­tial they’re in search of.

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